Nikkei dives 1,100 points led by autos & chipmakers as tariffs starts next week for Mexico & Canada; Wall Street attempts mild recovery - Fri 28 Feb 2025

Nikkei 225 Summary
Nikkei dives 1,100 points led by autos & chipmakers as tariffs starts next week for Mexico & Canada - Fri 28 Feb 2025

Automaker Toyota and chipmaker Advantest lead losses today, tracking Nvidia's overnight slump of 8.4%.

As tariffs for Canada & Mexico starts next week, it will impact Japanese manufacturers like Toyota which produces vehicles for export to North America from Mexico.

Investors worried about the escalating trade war sold off stocks on high volume to protect their portfolios.

Meanwhile, the Fed’s preferred inflation indicator, the US Core Personal Consumption Expenditures price index (PCE) increased 0.3% for Jan and was at 2.6% on a yearly basis, inline with expectations; Wall Street opened higher, staging a mild recovery from recent selloffs.

Nikkei225  37,155.50 (-1,100.67 -2.88%) 20 up 203 down 2 flat

JGB 10YR   1.381% (-0.011)                

USD/JPY    150.53 (+0.73 +0.49%)


 

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